Voya Financial (NYSE:VOYA) Price Target Cut to $66.00 by Analysts at Barclays

Voya Financial (NYSE:VOYA) had its target price cut by Barclays from $75.00 to $66.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

A number of other research analysts have also weighed in on the stock. Bank of America reaffirmed an “underperform” rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. UBS Group lowered their target price on shares of Voya Financial from $94.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. reduced their target price on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company dropped their price objective on shares of Voya Financial from $79.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Voya Financial presently has an average rating of “Hold” and a consensus target price of $80.92.

Voya Financial Trading Up 0.9 %

Shares of Voya Financial stock opened at $56.50 on Friday. The firm has a 50-day simple moving average of $68.02 and a two-hundred day simple moving average of $73.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The company has a market cap of $5.40 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. As a group, equities analysts predict that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

Institutional Investors Weigh In On Voya Financial

Several institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 183 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after acquiring an additional 327 shares in the last quarter. Quarry LP acquired a new position in shares of Voya Financial in the fourth quarter worth $37,000. R Squared Ltd acquired a new stake in shares of Voya Financial in the fourth quarter valued at $41,000. Finally, Venturi Wealth Management LLC boosted its holdings in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 201 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.